The Maui Real Estate Blog

Sayles Team Activity Picks Up at Ho’olei

Newest Listing at Ho’olei

Our newest listing, Ho’olei 31-5is a one of a kind property because of the specially upgraded glass art installed in the unit. In the living room is a stunning glass art piece that functions as the focal point of the living room, while the entry foyer also has a custom glass art chandelier that adds a touch of elegance and creates a stunning first impression. Located in the 2nd row of the community, the unit’s lanai is able to offer ocean views similar to some of the upper row villas so that makes it a very desirable unit to buyers.

As a 3 bedroom, 3.5 bathroom, and 2426 sqft unit, it is extremely spacious and able to accommodate large vacationing parties or families. The floor to ceiling doors at the back of the unit that connect the lanai to the main living area and seamlessly retract to create out one large indoor/outdoor living arrangement. There is even a lanai off of the lower level that can be utilized as another outdoor space. This unit has never been rented over the years, so it is in great shape and ready for use!

Latest Closings at Ho’olei Sold by the Sayles Team

We initially brought this unit to market in early May of this year. We priced it fantastically and was just in time for the summer busy season. The unit’s 300+ sqft of outdoor space encourages residents to get outside and enjoy Wailea’s perfect year round weather, which is a major selling point for buyers looking to soak up the sun. Throughout its time on the market, we held the list price firm because we were confident in its value and knew Wailea buyers would be interested in its price point. Offering over 3000 sqft of interior living, it is the largest floor plan available in the community and can really be felt in the oversized living room and bedrooms.

We are proud to secure our buyer clients a fabulous 4th row unit at Ho’olei! From the highest elevation in the complex, there aren’t many views that can compare. Initially listed in mid August of this year, the unit was a desirable commodity because the unit was never rented and the sellers hardly utilized it to its full potential. The attention to detail, low use, and great care over the years are evident throughout as the unit has little to no wear and tear; unlike some of the other Ho’olei units that are rented on a consistent basis. As a Mailie floor plan, the unit has 3 bedroom, 3.5 bathroom, and 2426 sqft of interior living, plus an upstairs and down stairs lanai.

We are extremely happy to have negotiated a great deal for our clients. The unit closed for a final sale price of $3.16 million, more than $200k off the original asking price!

Ho’olei Market Update 2017

The Ho’olei community is something we pride ourselves in. We are on site 7 days a week, so we get the opportunity to get in front of buyers everyday and expand our already robust database of Ho’olei buyers, sellers, and prospects. Over the next few months we will see a steady amount of visitors to the complex and this is where our on site Ho’olei real estate information office begins to set our expertise apart. This year, we have taken part in 5 of the 7 deals and strive to go above and beyond for our clients.

Ho’olei 52-2 sold by the Sayles earlier this year

Looking at the raw sales statistics, the Ho’olei market in 2017 has been top heavy; 86% of the sales have sold for at least $2.8 million or higher while 3 sales have closed for more than $3.1 million. While on the low end, only one unit sold in the $2.2 million price point. Overall, the $2 million range is where most of the deals take place; the $3 million range is reserved for the best of the best and anything sold in the upper $1 million price point is an absolute steal.

Number of Ho’olei condos sold: 7

Average sold price: $2,891,928

Highest priced unit sold: 2 units sold $3,160,000, both sold by the Sayles Team

At the moment, the Ho’olei market is slim pickings. With only 3 available units for sale, buyers will know to act quickly if they see something they like. The winter influx of visitor creates stronger demand in the market and there aren’t many comparable Wailea condos to choose from.

Interestingly, 3 listings are priced above $3 million and 1 listing is priced under $2 million. The market is currently representative of two extremes, the absolute upper end and the pretty much lowest price you can get into Ho’olei for.

Contact a South Maui Real Estate Specialist

We’d like to extend an invitation to you to stop by our on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM–5:00PM.

Our team has been blessed with the opportunity to have been part of this Ho’olei since its infancy stages back in 2005. We’ve been in the in house sales team for the past 9 years. It truly brings a smile to my face when I see first time guests, return visitors, and full-time residences who embrace and wholeheartedly love their Maui lifestyle.